Quote:
Originally Posted by Slava
Well surely these fees are already baked in to prices? Realistically, we shouldn’t see an increase. I know we will, and I’m not delusional, but if a business isn’t factoring this in (and hasn’t for the past decade or two), they’re running a pretty poor operation.
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That's a fair point, but some cards charge merchants exorbitant rates just so the users get better perks. I would love to tack on a surcharge on those types of cards. You're correct, of course, that credit card charges are basically priced into things, though.
I can't see myself charging anything based on this at least until I let other merchants try it out to see how customers react. I think it's good to allow merchants the option to do this. Like, you could look at it as getting penalized for paying with a credit card, but it'd be neat if I could offer a discount (even like 1%) to people paying with Interac. Right now that's against the rules with my point of sale machine provider.